-employee
-customer -creditor
-Community
-Federal Goverment
Code of Ethic
A company written standard of ethical behavior that are designed to guide manager and employee in making the decision and choice they face every day.
List four types Common Ethical Dilemmas
1. Truth vs. Loyalty: personal honesty and integrity vs. promise-keeping and obligations to others 2. Individual vs. Community: interests of the one or few weighed against those of the more or many
3. Short-Term vs. Long-Term: real concerns of the present weighed against investment for the future
4. Justice vs. Mercy: fair and equal application of the rules vs. compassion for the
Individual
Three principle available to you in resolving an ethical dilemma
1. Ends based: Which decision would provide the greatest good for the greatest number of people
2. Rules based: What would happen if everyone made the same decision as you
3. The Golden Rule: Do unto others as you would have them do unto you.
Ethics in Human …show more content…
• Is your board the right size (8 to 15 members)?
• Does your audit committee routinely review “high exposure” areas?
• Is at least some of the director’s pay linked to corporate performance?
• Is the performance of each of your director periodically reviewed?
• Do you take the right measures to built trust among director? Chapter 2
Business ethic
The application of ethical standard to business behavior.
Descriptive Normative/Prescriptive
Custom, attitude and rules that are observed within business. Documenting what should be happening. Evolution of the degree to which observed custom, attitude and rules can be said to be ethical. Recommending what should be happening.
StakeHolder
Someone with a share or interest in the business enterprise.
Identify six stakeholder of an organization?
-stockholder
-employee
-customer -creditor
-Community
-Federal Goverment
Code of Ethic
A company written standard of ethical behavior that are designed to guide manager and employee in making the decision and choice they face every day.
List four types Common Ethical